Mexico-based Scorpex, Inc. (SRPX) Positioned to Benefit from Cross-border Traffic
Mexico has experienced significant growth in its manufacturing sector in recent years, triggered by economical growth and increased foreign investments from companies seeking opportunities to capitalize on the cheap cost of shipping goods to the U.S. Recently, the U.S. and Mexico signed a deal allowing each country’s trucks to travel the other’s highway, putting into effect a key provision of the 1994 North American Free-Trade Agreement, which gives Mexican trucks full access to highways running outside the buffer zone inside the U.S. border. The deal also halted years of higher tariffs previously placed on U.S. products by Mexico after the…
